Common use of Informational Tax Reporting Clause in Contracts

Informational Tax Reporting. The Assuming Bank agrees to perform all obligations of the Failed Bank with respect to Federal and State income tax informational reporting related to (i) the Assets and the Liabilities Assumed, (ii) deposit accounts that were closed and loans that were paid off or collateral obtained with respect thereto prior to Bank Closing, (iii) miscellaneous payments made to vendors of the Failed Bank, and (iv) any other asset or liability of the Failed Bank, including, without limitation, loans not purchased and Deposits not assumed by the Assuming Bank, as may be required by the Receiver. Module 1 — Whole Bank w/ Loss Share — P&A PREMIER AMERICAN BANK Version 1.12 MIAMI, FLORIDA November 17, 2009

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (Bond Street Holdings Inc)

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Informational Tax Reporting. The Assuming Bank Institution agrees to perform all obligations of the Failed Bank with respect to Federal and State income tax informational reporting related to (i) the Assets and the Liabilities Assumed, (ii) deposit accounts that were closed and loans that were paid off or collateral obtained with respect thereto prior to Bank Closing, (iii) miscellaneous payments made to vendors of the Failed Bank, and (iv) any other asset or liability of the Failed Bank, including, without limitation, loans not purchased and Deposits not assumed by the Assuming BankInstitution, as may be required by the Receiver. Module 1 Whole Bank w/ Loss Share P&A PREMIER AMERICAN BANK Version 1.12 MIAMI2.11A October 8, FLORIDA November 172010 24 Dxxxx Bank & Trust Co. Vidalia, 2009Georgia

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Ameris Bancorp)

Informational Tax Reporting. The Assuming Bank Institution agrees to perform all obligations of the Failed Bank with respect to Federal and State income tax informational reporting related to (i) the Assets and the Liabilities Assumed, (ii) deposit accounts that were closed and loans that were paid off or collateral obtained with respect thereto prior to Bank Closing, (iii) miscellaneous payments made to vendors of the Failed Bank, and (iv) any other asset or liability of the Failed Bank, including, without limitation, loans not purchased and Deposits not assumed by the Assuming BankInstitution, as may be required by the Receiver. Module 1 Whole Bank w/ Loss Share P&A PREMIER AMERICAN BANK Horizon Bank Version 1.12 MIAMI2.09A Bradenton, FLORIDA November Florida August 17, 20092010 24

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Bank of the Ozarks Inc)

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Informational Tax Reporting. The Assuming Bank Institution agrees to perform all obligations of the Failed Bank with respect to Federal and State income tax informational reporting related to (i) the Assets and the Liabilities Assumed, (ii) deposit accounts that were closed and loans that were paid off or collateral obtained with respect thereto prior to Bank Closing, (iii) miscellaneous payments made to vendors of the Failed Bank, and (iv) any other asset or liability of the Failed Bank, including, without limitation, loans not purchased and Deposits not assumed by the Assuming BankInstitution, as may be required by the Receiver. Module 1 Whole Bank w/ Loss Share P&A PREMIER AMERICAN BANK Version 1.12 MIAMI2.11B October 8, FLORIDA November 172010 24 Tifton Banking Company Tifton, 2009GA

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Ameris Bancorp)

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